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Price arb /

ETHFI

all ETHFI markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)−0.220%
7d average−0.115%if it closes, per $10,000$22funding while held, a day+$0.00
Long on HyperliquidShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETHFI0.72390.0100pay 0.0013% / 1h42m 04s$19.7M$7.3M5x
ShortKuCoin ETHFIUSDTM0.72230.0100get 0.0050% / 4h1h 42m$1.2M$264K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$21.96
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$42.96
Spread needed to break even
0.210%
Slippage unknown: Hyperliquid: live order book, 2 min ago; KuCoin: live order book, 9 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 2 min ago1.24 bp9.7 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 9 min ago11.80 bp61.9 bp −$62225.0 bp −$2,250doesn't fitdoesn't fit

ETHFI price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.7199cheapestVariational Omni0.7206+0.100%BloFin0.7215+0.222%Orderly0.7218+0.264%Extended0.7218+0.265%Polymarket Perps0.7220+0.289%Paradex0.7220+0.293%Binance0.7223+0.333%MEXC0.7223+0.333%
KuCoin0.7223+0.333%
BingX0.7224+0.347%Aster0.7225+0.361%Bybit0.7225+0.361%Bitget0.7225+0.361%Aevo0.7225+0.361%Deribit0.7225+0.361%SunX0.7226+0.375%Gate0.7227+0.389%OKX0.7228+0.403%Kraken Futures0.7232+0.459%
Hyperliquid0.7239+0.554%
Lighter0.7239+0.563%Coinbase International0.7240+0.570%Injective0.7441+3.362%

ETHFI on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX ETHFI-USDT−0.551%−0.0097%4h$83K$153K20xas long as short
Variational Omni ETHFI−0.452%−0.0048%4h$1.1M$777K—as long as short
BloFin ETHFI-USDT−0.330%+0.0340%4h$1.3M$293K75xas long as short
Orderly PERP_ETHFI_USDC−0.289%−0.0137%4h$16K$1K10xas long as short
Extended ETHFI-USD−0.288%+0.0104%1h$96K$484K10xas long as short
Polymarket Perps ETHFI-USD−0.264%+0.0100%1h$48K$54K5xas long as short
Paradex ETHFI-USD-PERP−0.259%−0.0064%8h$6K—5xas long as short
Binance ETHFIUSDT−0.220%+0.0100%4h$25.4M$35.2M75xas long as short
MEXC ETHFI_USDT−0.220%+0.0100%4h$15.2M$3.7M125xas long as short
KuCoin ETHFIUSDTMshort−0.220%+0.0100%4h$1.2M$264K50x
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX ETHFI-USDT−0.206%+0.0100%4h—$25.9M—as long as short
Aster ETHFIUSDT−0.192%+0.0100%4h$183K$238K10xas long as short
Bybit ETHFIUSDT−0.192%−0.0062%4h$18.6M$12.5M25xas long as short
Bitget ETHFIUSDT−0.192%−0.0004%4h$6.2M$5.5M75xas long as short
Aevo ETHFI-PERP−0.192%+0.0104%1h$9K—3xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.192%−0.0165%1h$44K$18K10xas long as short
SunX ETHFI-USDT−0.178%+0.0100%4h$1K$1.0M20xas long as short
Gate ETHFI_USDT−0.164%+0.0100%4h$1.7M$2.0M75xas long as short
OKX ETHFI-USDT-SWAP−0.151%+0.0100%4h$4.8M$12.1M20xas long as short
Kraken Futures PF_ETHFIUSD−0.094%−0.0346%1h$278K$169K20xas long as short
Hyperliquid ETHFIlong0.000%+0.0100%1h$19.7M$7.3M5x
Lighter ETHFI+0.008%+0.0096%1h$1.2M$676K5xas long as short
Coinbase International ETHFI-PERP-INTX+0.015%+0.0464%1h$32K$9K50xas long as short
Injective ETHFI/USDC PERP+2.792%+0.0033%1h$330$56K5.5xas long as short